The BSE derivatives data suggests that the Sensex may face resistance around 80,450 - 80,550, while seek support around 79,850 - 79,700 levels on the monthly expiry day on Tuesday.
These 3 midcap stocks, across sectors, have witnessed a positive breakout on different key parameters, show technical charts.
RIL stock has gained 8% in the last 2 months, after a 4-month consolidation around its key trend line support - a key technical indicator the stock has been holding above since the last 11 years.
In the week ahead, Sensex is likely to swing between 78,200 to 80,230 range. Nifty may test 23,400 on the downside, and can potentially rally to 24,800 on the upside; suggests technical charts.
Technical chart suggests that near-term bias for SBI Life is likely to remain upbeat as long as the stock trades above ₹1,663 levels; check target price, key resistance levels here
Silver is up nearly 17 per cent since its cycle low of around $28.15 made on April 4. Although it is lagging gold, it is up around 14 per cent year-to-date (Y-T-D)
On April 24, spot gold traded between $3,288 and $3,367 as the metal recouped some of its huge loss that occurred due to sell-off on April 22 and 23
Strategy View: With a likely trading range of 23,700-24,600 in the coming week, a Short Strangle strategy could be an effective way to capitalise on expected consolidation
HUL, Nestle and Tata Consumer stocks are seen trading on a divergent note after reporting Q4 earnings; technical charts suggest these stocks can potentially rally up to 15% from present levels.
Shares of Voltas and Havells India seem to be favourably placed on the technical charts; while Blue Star and Whirlpool look weak; check target price and key levels here
From down 8%, to up over 3% - the NSE Nifty 50 index seems poised to end higher for the 11th time in the last 13 April months; also a relatively shorter F&O series in terms of trading sessions.
Technical charts suggest that smallcap stocks such as Balrampur Chini, Alok Industries, 360 One Wam, Elgi Equipments and Godawari Power are poised to gain in the near-term; check key levels here.
Technical chart shows that Muthoot Finance and Manappuram Finance have retraced from their record highs levels with select momentum oscillators hinting towards a likely consolidation ahead.
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Shares of SBI and Axis Bank can potentially rally to new life-time highs, suggests technical charts. Bank of Baroda stock too can jump another 14% from present levels; here are the key levels to track
Technical charts suggest that the Nifty MidCap 150 index may succeed in conquering the long-term moving average; while the SmallCap index faces a tougher challenge.
The Nifty 50 index has surged over 11 per cent in the last eight trading sessions, and in the process has conquered its key moving averages, shows the daily chart.
The Nifty is quoting barely 150 pts shy from the 24,000-mark; but the key hurdles stand at 24,050 and 24,169 levels, shows the technical charts.
The long build-up is seen in the Bank Nifty futures, where we have seen a 3 per cent (Prov) rise in open interest with it rising by 2.2 per cent
GlaxoSmithKline Pharma stock has seen formation of 'Golden Cross' on the daily chart on Thursday; last time the stock saw a similar development, it rallied almost 117% over the next 14 months.